Individuals who inherit homes they don’t want to keep have to endure some unique challenges. They may have to wait for the probate process and estate settlement to come to an end, as well as mediate potential heir disputes before selling an inherited property. For one Nashville family, selling an inherited house was made much easier with the help of My Tennessee Home Solution.
Learn how our real estate investors helped the seller navigate the process quickly and relieve them of the burden. This case study explores the complexities of selling an inherited home in Nashville as well as the problem-solving strategies we took to ensure a successful property transfer.
A Family’s Complex Relationship With an Inherited Home
Receiving assets via inheritance can either enhance someone’s life or pose a problem for them. For the Burns family, an inherited home checked off both of these boxes. After their parents’ passing, the children inherited the family home which eventually spent four years as a vacant property.
The oldest heir, Raymond, felt the emotional burden of keeping the house and wanted to sell it for the family to move forward following their loss. However, the house would need extreme renovations and possibly a total rebuild to make it desirable for traditional buyers. This major hurdle wouldn’t be possible for the heirs to tackle on their own so they decided to contact My Tennessee Home Solution.
Customized Cash Home-Buying Solutions for Any Seller
Our team performed a market value assessment and was willing to pay for the house in cash without the family needing to make any repairs. Selling this inherited property would be a challenge since the Burns family had 16 heirs across multiple states that would need to agree to the sale.
Our investors immediately got in contact with all of the heirs and maintained open communication until the property transfer was complete. Closing the sale did pose some logistical problems but our experienced home buyers knew exactly how to navigate them.
How the Burns Family Benefited From a Quick Sale
Opting for a quick sale over the conventional selling process was extremely beneficial for the Burns family and other clients like them. Some of the biggest advantages include:
- Discussing key aspects of selling inherited properties, like capital gains taxes
- Receiving enough cash to pay the outstanding mortgage
- Closing the sale according to the family’s timeline
- Saving money on extensive home repairs
- Gaining closure during their grief
A traditional home sale could require several months of waiting for offers and force the family to take on costly repair projects. By selling to our cash buyers, they could get the property and its physical and emotional burdens off of their shoulders.
Receive Cash for Your Nashville Home – Contact My Tennessee Home Solution
When it comes to selling an inherited property or a home with no equity, Nashville homeowners can find themselves in a bind. Contact My Tennessee Home Solution and let our cash home buyers ease the burden. Call (615) 933-5431 to receive a fair cash offer on your home and learn more.
